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Paragon Care completes approximate $180m refinancing
Listed medical equipment and supplies manufacturing company Paragon Care Limited has undertaken a refinancing to assist its ongoing business and expansion into Asia after its recent merger with the Quantum Group.
Jerome Doraisamy
Firm: King & Wood Mallesons (National Australia Bank and HSBC, as financiers to Paragon Care Limited)
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Deal: Paragon Care Limited (ASX: PGC) has completed a refinancing of approximately $180 million, which KWM said in a statement will assist in Paragon Care’s ongoing business and expansion into Asia after its recent merger with the Quantum Group.
The deal achieved financial close in March 2023.
Area: Baking and finance
Value: Approximately $180 million
Key players: The KWM team was led by partner Jonathan Oldham, who was supported by senior associate Stuart Alexander and solicitors Ivor Wong and Grace Lewis.
Deal significance: Mr Oldham said: “We are grateful for the opportunity to work with Paragon Care and the financiers on their successful refinancing. Following the merger of the Quantum Healthcare Group, the financing involved multiple sets of foreign counsel in south-east Asia and New Zealand and significant coordination across those jurisdictions.
“It is an exciting time for the Paragon Care business, and we look forward to seeing Paragon Care continue to grow and develop their business with the support of their financiers.”
